Anti-money laundering
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- Compliance officers24 Sep 2025
- Can I accept my client’s £20,000 cash deposit?28 Apr 2021
- Can I charge for due diligence checks?25 Nov 2021
- Can my client use bitcoin to purchase property?08 Aug 2025
- Do I have to identify and verify all the beneficial owners of a trust?31 May 2024
- Do we need to appoint an MLCO if we have an MLRO?11 Jun 2025
- How do I verify the identity of a client without standard documentation?01 Dec 2022
- I act for an executor who found £20,000 in the home of the deceased. What should I do?05 Dec 2022
- My client is a member of a UK political party. Do they count as a politically exposed person?08 Aug 2025
- My client is a possible sanctions match. What should I do?26 Aug 2025
- What do we need to include in our policy on handling cash?08 Aug 2025
- What information can a bank request about our client account?06 Mar 2024
- What is Chinese underground banking?25 Mar 2024
- What is a politically exposed person (PEP)?09 Dec 2024
- Compliance calendar for small law firms27 May 2025
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What we’re doing for you
The Law Society as a named regulator holds statutory obligations under Schedule 1 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR).
While regulatory and enforcement powers have been delegated to the Solicitors Regulation Authority (SRA), the Law Society retains a critical non-regulatory supervisory role, including:
- providing information, guidance, and education on AML and economic crime compliance
- supporting best practice within the legal profession
- contributing to policy development, sector engagement and strategic reform
Economic Crime Committee
The Law Society is supported in this role by the Economic Crime Committee, which is a distinct and expert-led advisory body within our governance structure.